Posting to the General Ledger

Front

A schedule that contains all accounts needed to prepare financial statements

Back

General Ledger

Front

The number assigned to an account

Back

account number

Front

A ledger is a

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group of accounts

Front

Writing an account title and a number on the heading of an account.

Back

opening an account

Front

Transferring information from a journal entry to a ledger account

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posting

Front

An additional journal entry made to correct an incorrect journal entry

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correcting entry

Front

There are 4 steps in posting an amount from the debit column of a general journal

Back

False

Front

If a credit is posted to a liability account, the amount of the credit

Back

will be added to the previous account balance to determine the new credit balance

Front

The two steps for opening an account are writing the account title and recording the balance.

Back

False

Front

After a journal has been posted, what is filled in the Post Ref. column on the Journal? Options: the Post Ref. column on the Journal is filled in with the account number, the Post Ref. column on the Journal is filled in with a page number, the Post Ref. column on the Journal is filled in with the source document number, the Post Ref. column on the Journal is filled in with the invoice number

Back

the Post Ref. column on the Journal is filled in with the account number